Ryan Cohen, who holds the positions of President, CEO, and Chairman at GameStop Corp. (NYSE: GME), has reported a large acquisition of the company's shares, according to a recent filing with the Securities and Exchange Commission (SEC).
The disclosure detailed that Cohen purchased a total of 1,000,000 shares of GameStop's Class A Common Stock through two separate transactions. The first transaction occurred on January 20, 2026, when he acquired 500,000 shares at a weighted average price of $21.1174 per share, with individual trade prices ranging from $20.8071 to $21.1997. This purchase alone was valued at approximately $10.56 million. The following day, January 21, 2026, Cohen secured an additional 500,000 shares at a slightly higher weighted average price of $21.6010 per share, within a trade price range of $21.5479 to $21.6100, totaling around $10.80 million. Collectively, these acquisitions amounted to $21,359,200 in investments.
Following these trades, Cohen directly holds 38,347,842 shares in GameStop. Notably, the stock price at the time hovered around $23.15, and it has delivered a year-to-date return of 8.02%. Furthermore, the stock exhibits a beta of -1.21, indicating its price movements tend to diverge from broader market trends, which may provide insight into the timing of Cohen's investment.
From a financial standpoint, GameStop demonstrates solid fundamentals. The company reports a current ratio of 10.39, underscoring a robust liquidity scenario capable of meeting short-term obligations. Data from market analytics suggest that GameStop's cash assets surpass its debt levels, contributing to an overall financial health rating classified as "GOOD." Subscribers to specialized financial services can access an extended set of insights and ProTips for a comprehensive understanding of this investor action.
In tandem with these equity purchases, GameStop announced that Cohen has entered into a performance-based stock option award agreement, which was previously disclosed. This agreement stipulates that Cohen's remuneration is entirely contingent on achieving predefined objectives related to market capitalization and profitability milestones. Importantly, it eliminates any guaranteed salary or bonus components. The company also intends to seek shareholder approval for the CEO Performance Award at an upcoming special meeting, further embedding compensation directly with performance outcomes.
These recent developments, including Cohen's augmented shareholding and the new compensation framework, underscore the company's commitment to aligning executive incentives with its strategic growth ambitions. The purchases were executed in the open market with share prices fluctuating between $20.81 and $21.20 per share, reflecting confidence in the firm’s direction.